Bill Clinton Quotes


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The Clinton budget was a very unusual one. He and Treasury Sectary Robert Rubin determined that the large deficit built up in the previous administrations and the high interest rate were competing with the private sector for investment capital. Therefore the budget raised taxes and took other steps to reduce the largest deficit then in American History. Virtually all of the Republicans saw disaster for the economy with this budget and even some of the fiscal conservatives from Clinton’s own party were opposed. The budget passed by a single vote in the House, and that started the largest economic growth period in American History. The economy became so strong that Clinton was able to produce a balanced budget, eliminate the Reagan deficit and produce more new jobs than any administration in American history. The prediction that the budget would cause the country to fail was, not only wrong, but the budget caused the nation to succeed, beyond what any thought possible. See {626772} for one of the warnings from his own party.


Bill Clinton
Bill Clinton
  • Born: August 19, 1946
  • Nationality: American
  • Profession: 42nd American President

William Jefferson "Bill" Clinton is an American politician who was the 42nd President of the United States from 1993 to 2001. Clinton was previously Governor of Arkansas from 1979 to 1981 and 1983 to 1992, and the Arkansas Attorney General from 1977 to 1979. Clinton was born William Jefferson Blythe III – he changed to his stepfather's name at age 15.